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Anant Raj Ltd is entering India's booming data centre space with a INR 18,000 crore ($2.1 billion) investment to build two new facilities in Haryana, targeting 300 MW total capacity by 2032. The move builds on its initial 2023 entry, when it began converting IT buildings into data centres. This expansion aligns with India's digital surge, as JLL predicts a 77% rise in national data centre capacity by 2028. Backed by state incentives like land and power support, Haryana is emerging as a hotspot for hyperscale and edge centres. Anant Raj aims to tap into growing demand driven by AI adoption and data localisation policies.
Anant Raj Ltd, a Delhi-headquartered real estate firm with a current market valuation of around USD 2.3 billion, is making a major foray into India's fast-growing data centre segment. The company has earmarked an investment of INR 180 billion (USD 2.1 billion) for building two new data centre facilities in Haryana. These will join its existing operational centre in the state, as part of a wider push to develop over 300 MW of total capacity by 2032. Advertisement
The investment push comes as India's digital economy enters a rapid growth phase. JLL has projected a 77% increase in data centre capacity across India over the next four years, reaching close to 1.8 GW. International investors and domestic developers alike are boosting allocations, with Barclays identifying India as one of the top destinations for data centre investments in Asia, largely driven by rising AI adoption, favourable demographics, and a strong regulatory push for data localisation.
Anant Raj's strategy builds on its first entry into this segment in late 2023, when it began converting three of its existing IT buildings in Haryana into data centres. The company is also capitalising on state-level incentives, including favourable land availability and power support in Haryana, which has emerged as a preferred destination for hyperscale and edge data centre investments.
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